Winter Real Estate Market on Mt. Hood
Sunday, November 22, 2020
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Mt. Hood Real Estate Blog
Liz Warren
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Displaying blog entries 471-480 of 1889
Get Your Christmans Tree On Mt. Hood and Enjoy the Outdoors!
Sunday, November 22, 2020
Here's a great opportunity to get an affordable Christmas tree in the Mt. Hood National Forest. The forests are open and all you need is a permit. You may purchase a permit for up to five trees per household! Permits are only $5.00 per tree!!!!!!
Here are the locations where your permit can be purchased direct from the Mt. Hood National Forest website:
Tygh Valley General Store, 57715 Tygh Valley Road, Tygh Valley, OR. 541-483-2324
Open Monday-Friday 7:00 a.m. to 6:00 p.m., Saturday & Sunday 8:00 a.m. to 6:00 p.m.
Kramers Market, 121 Main Street, Dufur, OR. 541-467-2455
Open Monday-Saturday 7:00 a.m. to 7:00 p.m., Sunday 8:00 a.m. to 7:00 p.m.
Wamic Market and Supply, 57016 Wamic Market Rd. Wamic, Or, 97063. 541-544-2333
Open 7 days a week – 8:00 a.m. - 6:00 p.m.
Tum-A-Lum Lumber, 408 Hwy 35, Hood River, OR. 541-386-1001
Open Monday-Friday, 7:00 a.m. to 6:30 p.m., Saturday 8:00 a.m. to 5:00 p.m., Sunday 8:00 a.m. to 4:00 p.m.
Estacada Tackle Shop, 210 SE Hwy 224, Estacada, OR. 503-630-7424
Open 7 days a week 6:00 a.m. to 10:00 p.m.
Estacada True Value Hardware, 310 SE Main St, Estacada, OR. 503-630-3769
Open Monday-Saturday 8 a.m. to 7 p.m., Sun 9a.m. to 5p.m.
ACE Heritage Hardware, 39181 Pioneer Boulevard, Sandy, OR. 503-668-8731
Open Monday-Saturday 8:00 a.m. to 6:00 p.m., Sunday 9:00 a.m. to 5:00 p.m.
Hoodland Thriftway, 68280 Highway 26, Welches, OR. 503-622-3244
Open Daily: 7:00 a.m. to 11:00 p.m.
Mt. Hood Village Market, 73265 Highway 26, Rhododendron, OR 97049. 503-622-4652. Open Daily: 6:00 a.m. to 10:00 p.m.
Welches Mountain Building Supply, 67250 Highway 26, Welches, OR 97067. 503-622-3000. Open Daily: 8:00 a.m. - 6:00 p.m.
Sportsman’s Warehouse, 9401 SE 82nd Ave, Portland, OR. 503-777-8700
Open Monday-Saturday 9:00 a.m.-9:00 p.m., Sunday 10:00 a.m. - 6:00 p.m.
Selling Your Property on Mt. Hood?
Friday, November 20, 2020
If you're thinking about selling your property on Mt. Hood, think about the average net of 6% you'll gain in your sale without the hassle of figuring all this out by yourself. It Pays to Sell with a Real Estate Agent.
![It Pays to Sell with a Real Estate Agent [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2020/11/20140632/20201120-MEM-1046x3014.png)
Some Highlights
- Today, it’s more important than ever to have an expert you trust to guide you as you sell your house.
- From your safety throughout the process to the complexity of negotiating the deal, you need a professional on your side.
- Before you decide to take on the challenge of selling your house on your own, let’s connect to discuss your options.
Collins Lake Condo
Thursday, November 19, 2020
The wait is over! New to market, this Collins Lake Condo features two bedrooms, bonus bunk room or den, and two and a half baths with Brazilian cherrywood floors throughout. Completely furnished from top to bottom. Conveniently located so you can walk to restaurants and shopping. Get off the highway and enjoy your weekend of skiing cozied up to the fireplace after a day on the slopes. Private deck with peekaboo view of the top of Mt. Hood. $409,950
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How to Prepare for a Bidding War for Your Mt. Hood Property Purchase
Sunday, November 15, 2020
What's becoming common place in the Mt. Hood real estate market? It's a bidding war and it's happening on nearly every property that hits the market. Demand has far outstripped supply from Brightwood to Government Camp. There's only 18 properties for sale in the Mt. Hood area. If you are a buyer in today's market, you need to be prepared. Here are a few tips!
Building Equity Wealth on Mt. Hood
Sunday, November 15, 2020
Homeownership Is a Key to Building Wealth
For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner:
“…a primary home accounts for 90% of the total wealth of a family in the U.S.”
How do homeowners gain wealth?
Most large purchases, like cars and appliances, depreciate in value as they age, so it’s understandable to question how owning a home can increase wealth over time. In a simple equation, the National Association of Realtors (NAR) explains how the combination of paying your mortgage and home price appreciation grow overall wealth:
Principal Payments + Price Appreciation Gains = Housing Wealth Gain
As home values increase and you make payments toward your home loan, you’ll gain wealth through equity. The same article from NAR also addresses how wealth gains tend to play out over time:
“Housing wealth accumulation takes time and is built up by paying off the mortgage debt and by price appreciation. And while home prices can fall, home prices tend to recover and go up over the longer term. As of September 2020, the median sales price of existing home sales was $311,800, a 35% gain since July 2006 when prices peaked at $230,000.”
Taking a look at how equity has grown for the typical homeowner, it’s clear to see how real estate is a sound long-term investment. NAR notes:
“Nationally, a person who purchased a typical home 30 years ago would have typically gained about $283,000 as of the second quarter of 2020.” (See graph below):
This has become easily demonstrated from recent sales in the Mt. Hood area. This is demonstrated with a 9% increase year over year for the median sales prices locally. One home that sold for $350,000 in 2019 has just resold for $425,000 this year. ! That is a lot of equity gain in only one year's time. That was a radical increase but it's happening all over the mountain!
Bottom Line
Whether you’re a current homeowner planning to put your equity toward a new home or have hopes of buying your first home soon, homeownership will always be a great opportunity to build your net worth and overall wealth. Owning a home is truly an investment in your financial future.
Mt. Hood Property Sales for October 2020
Friday, November 13, 2020
Check out the latest stats from RMLS for October. There were 19 active listings on the market for the month. Historically, I’ve never seen inventory this low! We are seeing a few new listings hit the market and they sell immediately with multiple offers. Pending sales sat at 23 for the month and 18 closed for the month.
Shrinking marketing time is down to 50 days. The average sales price is $348,400. This nearly wipes out first time home buyers even though we are seeing historically low interest rates.
Economic Impact of Buying a Home on Mt. Hood
Friday, November 13, 2020
Mt. Hood's latest year to date sales have the average price up 8.9% according to the multiple listing service. That means appreciation is coming to all Mt. Hood property owners!
Mt. Hood National Forest Storm Clean up Scheduled for November 6, 7, and 8
Tuesday, November 3, 2020
MHFHA SPONSORED STORM DEBRIS CLEAN UP scheduled for November 6-7-8
The Association, with the help of generous cabin owners who have donated to the September Storm Clean up Fund, will hire the equipment necessary to aid cabin owners in disposing of debris from the storm.
We will be renting an industrial wood chipper along with hiring an experienced person to run it. We will be renting trailers to pick up and haul debris to a location where the wood chipper will be stationed.
Here's what we need you to do should you like to participate:
1) Create piles of your storm debris (branches no more than 6" in diameter) from your cabin lot and find a place that is not in or on your cabin road but right next to the road. We will NOT be driving in driveways to pick up debris piles. You can begin creating those piles now.
2) Volunteer! We need people with trucks that can pull the rented trailers. We need volunteers to load the piles into the trailers. We need volunteers for a few hours or all day for those 3 days. We will need volunteers to unload the debris at the wood chipping site.
3) All cabin roads and all cabins will be included in this project.
No material other than natural plant/tree storm debris
If you can volunteer - please sign up and tell us your availability (provide a truck with a hitch, man/woman power, what days and hours etc) Please respond to this email and give us your details.
We will provide snacks, water and lunch for all workers.
If you have yet to donate to the clean up fund - please do so now. September Storm Clean Up Fund
To those who have signed up to volunteer - THANK YOU! We will be emailing assignments by Nov 2, 2020. If you would like to volunteer, please email us at [email protected]
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